Loan to Norway Seafoods Holding

01.10.2003: Constructive negotiations have recently been held in connection with Orkla's NOK 600 million loan to Norway Seafoods Holding.

The parties have agreed on a draft of a long-term solution. The premises for this draft solution will be confirmed in the course of a 14-day period and the due date has therefore been postponed accordingly. Until the draft solution has been confirmed Orkla will not provide any further comments.